Airbnb (NASDAQ:ABNB) operates a platform that connects people looking to travel with hosts offering a place to stay. The company gets hosts and travelers worldwide, so it inevitably hurts Airbnb when frictions are added to travel plans.
The world and Airbnb recently got another bout of bad news regarding the coronavirus pandemic. A new variant (omicron) was discovered in South Africa. In response, several countries started increasing travel restrictions from South Africa.
Travel restriction could slow momentum for Airbnb
Importantly, Airbnb does not own or operate any travel destinations. Instead, it runs the platform that facilitates travel by encouraging hosts to list homes, rooms, and other spaces on Airbnb. The company makes money by charging a fee to travelers and hosts alike for the privilege of using Airbnb.
The asset-lite…